The Hot Springs star. (Hot Spings [Hot Springs], Dakota [Dakota Territory, i.e. S.D.]) 1886-189?, 1887-06-10

fEwRALfK OF rEB IAf1or
AZ Rseimaasd IA ocid and silvss..pro
duetion q Precious Meals
The director Of the mint has com
pleted his report on the production Q
the precious metals for the year ending
Decembar 81, 1856. Tho director esti
mates the production for the year {,
have been: Gold, eS5, 0o0.0O0 silve,
e5l,00O.000. The production Of gols
shows.a considerable increase over til,
prior year, namely, es,ooo,0o0. tn,
production Of silver Is slightly less thar
in 1885.
Colorado retains first rank as thu
largest producer q. the precious metal,
In theUnited STATE, the value Of it.
production Of gold and silver having
been over t20,O0O,00O during the last
year. California yields second place
to Montana, which reports a produc.
tiop Of 81, 00O, 600. against Gle, 600, OO0
by California. The production oil
Nevada and New Mexico has increased
while that Of the other states has re.
manned almost constant. Texas, for
the first time. is added 10 the list Of
producing states. with o production Of
100000 in silver.
The annual supply of silver from the
mines of the world has largely in
creased in the last fourteen years-the
period covered by the marked decline
In the market price of silver-having
doubled since 1872; that is from
$62, OOO. 900 in that year to
4l24,O00, 900 in 1886. During the
calendar year 1886 the changes in
the price Of silver were very marked.
Opening on the I'd Of January, 1886,
at 46 1916 pence per ounce, British
standard, the fluctuations were slight
until April, when commenced a rapid
decline, which continued until July 81,
when the price of silver reached ~
pence, remaining at that price until
August 10, when an advance took
place, which continued until Nov. 90,
when the price reached AZ pence, but
remained at thai point only a short
time. The closing quotation on Dec.
81 was 46f pence. The average price
for the year was 1874 pence, equiva-
lent to 99.464 cents per ounce fine, at
which rate the ratio between gold and
silver was one of gold to 20.76 Of sill
yer. The price of silver at tho present
time is 43t pence per ounce British
standard, equivalent to 95.8 cents per
ounce.
The value of the gold deposited at
the mints of the United States during
the calendar year 1886 was &79, O57,-
S1S, of which over $21, ZOO, 900 con-
sisted of foreign bullion and over &c.
100000 foreign coin. The deposits
and purchases of silver amounted to
$S9, O86, O7O. The coin executed ut the
mints during the calendar year con-
sisted of 8 1888, $3.50 pieces, Of the face
value Of $61,375,438. The number OF
silver dollars coined was S1,423, 1856,
on which the seignorage was $685..
361.
The director estimates the stock OF
coin in the United States on Jan. 1,
1887, to have been. in round figures:
Gold, $500, 600, 900; silver, $S24,OOO..
900; total, $685., OOO, 900. In addition
to the stock of coin, the government
owned gold and silver bullion in the
minis awaiting coinage of the value Of
e81,400,0O0 gold; $1,000, 900 silver;
total, $88,40O, 900; a total metallic
stock on Jan. L, 1887, of $641, 400, OOO
gold; 1881, 800, 600 silver; total, $685..
200, 900.
The director presents official figures
to show that of the stock of gold coin
estimated to have been in the United
States on the first of the present year,
there was in the treasury of the United
States, and IN the national and state
banks and in circulation on the Pacific
slope, $500, 0O0. O00, leaving 5000, OOO.-
600 in the hands of the people, and in
banks and savings institutions of the
United States east of the Sierra Ne
vadas, other Than national banks and
the $40 state banks which reported to
the comptroller of the currency.
The total stock of paper and metallic
money in the United States-thc paper
all eitht E : ,deemable in coin or secured
by bonds redeemable IN coin--amount-
cd on January 1, 1887, TO $780,.
919, 1885.
From returns received at the bureau
the director estimates that there has
been an increased consumption of gold
and silver in the arts during the past
year. From the active business in gold
and silver bars furnished manufactur.
ers during the first quarter of the pres.
ent calender year, it appears that the
industrial consumption of the precious
metals is on the increase, an indica.
ton Of prosperity more or less general
throughout the country.
The report contains an elaborate re-
view of the production of gold and sill.
yer in the various nations of the world
during the calendar years 1883, 1884
and 1885, which is summarized as fol.
lows:
Calendar Gold, Silver, Total
1873 gs.1s' %, 1s;S asss .l,4 yssss; ., yalss; 90,
1 1sss 1S5, "a II 1 ss:sss,sss ssc;s s,,,1 Is'